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PROSPECTUS |
Pricing Supplement No.: 4405 |
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March 29, 2006 |
Filed Pursuant to Rule 424(b)(3) |
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PROSPECTUS SUPPLEMENT March 29, 2006 |
Dated July 28, 2006, as amended on August 2, 2006 |
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Registration Statement No. 333-132807 |
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Floating Rate Notes)
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Issuer: |
General Electric Capital Corporation |
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Ratings: |
Aaa/AAA |
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Trade Date/Pricing Effective Time: |
August 2, 2006 |
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Settlement Date (Original Issue Date): |
August 7, 2006 |
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Maturity Date: |
August 7, 2018 |
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Principal Amount: |
US$250,000,000 |
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Price to Public (Issue Price): |
100.00% |
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Agents Commission: |
0.45% |
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All-in Price: |
99.55% |
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Accrued Interest: |
N/A |
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Net Proceeds to Issuer: |
US$248,875,000 |
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Interest Rate Basis (Benchmark): |
LIBOR, as determined by LIBOR Telerate |
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Index Currency: |
U.S. Dollars |
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Spread (plus or minus): |
Plus 0.27% |
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Index Maturity: |
Three Months |
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Index Payment Period: |
Quarterly |
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Interest Payment Dates: |
Quarterly on each February 7, May, August 7, and November 7 of each year, commencing November 7, 2006 and ending on the Maturity Date |
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Initial Interest Rate: |
To be determined two London Business Days prior to each Interest Reset Date |
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Interest Reset Periods and Dates: |
Quarterly on each Interest Payment Date |
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Page 2 |
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Filed Pursuant to Rule 424(b)(3) |
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Dated July 28, 2006, as amended on August 2, 2006 |
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Registration Statement |
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No. 333-132807 |
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Interest Determination Dates: |
Quarterly, two London Business Days prior to each Interest Reset Date |
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Day Count Convention: |
Actual/360 |
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Denominations: |
Minimum of $1,000 with increments of $1,000 thereafter. |
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Call Dates (if any): |
N/A |
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Call Notice Period: |
N/A |
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Put Dates (if any): |
N/A |
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Put Notice Period: |
N/A |
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CUSIP: |
36962GX66 |
Additional Information:
Plan of Distribution:
The Notes are being purchased by the following financial institutions in the amount set forth below (collectively, the "Underwriters"), as principal, at 100.00% of the aggregate principal amount less an underwriting discount equal to 0.450% of the principal amount of the Notes.
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Underwriter |
Amount |
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Lehman Brothers Inc. |
$ 30,000,000 |
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Merrill Lynch, Pierce, Fenner & Smith Incorporated |
$220,000,000 |
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Total |
$250,000,000 |
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
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Page 3 |
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Filed Pursuant to Rule 424(b)(3) |
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Dated July 28, 2006, as amended on August 2, 2006 |
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Registration Statement |
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No. 333-132807 |
Additional Information:
At June 30, 2006, the Company had outstanding indebtedness totaling $382.374 billion, consisting of notes payable within one year, senior notes payable after one year and subordinated notes payable after one year. The total amount of outstanding indebtedness at June 30, 2006, excluding subordinated notes payable after one year, was equal to $379.581 billion.
Consolidated Ratio of Earnings to Fixed Charges
The information contained in the Prospectus under the caption "Consolidated Ratio of Earnings to Fixed Charges" is hereby amended in its entirety, as follows:
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Year Ended December 31 ,
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Six Months ended June 30, |
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2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
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1.56 |
1.62 |
1.71 |
1.82 |
1.66 |
1.62 |
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For purposes of computing the consolidated ratio of earnings to fixed charges, earnings consist of net earnings adjusted for the provision for income taxes, minority interest and fixed charges.
Fixed charges consist of interest and discount on all indebtedness and one-third of rentals, which the Company believes is a reasonable approximation of the interest factor of such rentals.
CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.